The Republicans--and they have now done through a letter to the leader--are basically saying they are willing to risk everything--everything--to give a bonus tax cut--as my friend and colleague from Alaska talks about, not a tax cut. Everyone is going to get a tax cut on their first $250,000 of income. They want a bonus tax cut on millionaires and billionaires that for the average millionaire will be about $100,000 next year, which is more than the average person in Michigan makes in a year. So they are willing to shut this place down and risk everything in order to be able to get a bonus tax cut for millionaires and billionaires. What does that mean? Well, they are willing to risk the deficit. They say we cannot help people who are out of work because it will cost $50 billion unless it is totally paid for. But $700 billion for their wealthiest friends and supporters is OK. So they will risk the deficit. They will risk jobs. Where are the jobs?
Editor's note · Context
Senator Stabenow addresses the impact of proposed tax cuts for the wealthy on job creation and the deficit.
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